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Just surrendered by closing my VanGuard fund.
Vanity | 10/8/08 | vanity

Posted on 10/09/2008 1:00:23 PM PDT by prolifefirst

Can't take it anymore.


TOPICS: Business/Economy
KEYWORDS: sanity; stock; wisemove
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1 posted on 10/09/2008 1:00:23 PM PDT by prolifefirst
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To: prolifefirst

What do you mean by “surrender?” Did you turn it into cash?


2 posted on 10/09/2008 1:01:39 PM PDT by avacado
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To: prolifefirst

Why? I’m still in it!................


3 posted on 10/09/2008 1:01:40 PM PDT by Red Badger (My wallet is made out of depleted you-owe-mium........)
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To: prolifefirst

All righty, then.


4 posted on 10/09/2008 1:01:56 PM PDT by JennysCool (There are three kinds of lies: lies, damn lies, and the polls.)
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To: prolifefirst

OK? What does that mean?


5 posted on 10/09/2008 1:01:58 PM PDT by svcw (Great selection of gift baskets: http://baskettastic.com/)
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To: svcw

It means he took the penalty and closed out his 401k and will take the tax implications this year, probably will turn out to be a smart move, yet, if we all do it it’s game over.


6 posted on 10/09/2008 1:03:04 PM PDT by Scythian
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To: prolifefirst
So it's your fault!
7 posted on 10/09/2008 1:03:40 PM PDT by SandyInSeattle (Go, Sonics! And take the Mariners with you.)
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To: prolifefirst

I moved our Vanguard stock and bond funds into money market funds almost three weeks ago. Leading up to today, the decision saved us about $52K on out taxable investments. With today’s drop, I expect the “savings” to exceed $60K. Ouch!


8 posted on 10/09/2008 1:03:49 PM PDT by CatOwner
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To: prolifefirst

Just remember where you got out so you can get back in on the way up. Selling low and buying high is no way to go through life, son.


9 posted on 10/09/2008 1:04:21 PM PDT by Yo-Yo
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To: svcw

It means his loses have gone from on paper to in concrete.


10 posted on 10/09/2008 1:04:22 PM PDT by D-fendr (Deus non alligatur sacramentis sed nos alligamur.)
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To: Scythian

I means above all else I can’t afford to go non-liquid.


11 posted on 10/09/2008 1:04:43 PM PDT by prolifefirst
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To: prolifefirst
When the blood is in the streets and they start jumping out of windows, that's the time to start buying. :)

8000 maybe? Could it get even lower than that?? It's starting to become scary.

12 posted on 10/09/2008 1:04:57 PM PDT by jpl (Does anybody have seven hundred billion dollars I can borrow?)
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To: prolifefirst

Why?

Stocks are on sale!! This is the chance of a lifetime!


13 posted on 10/09/2008 1:05:23 PM PDT by Gamecock (Sadistic preachers don't talk about Hell.)
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To: prolifefirst

Buy high, sell low!


14 posted on 10/09/2008 1:05:27 PM PDT by Cementjungle
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To: prolifefirst

Buy high, sell low /s.


15 posted on 10/09/2008 1:06:25 PM PDT by Tribune7 (Obama wants to put the same crowd that ran Fannie Mae in charge of health care)
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To: jpl

Every day I was expecting it to turn.

Jeez Louise.


16 posted on 10/09/2008 1:06:47 PM PDT by prolifefirst
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To: Tribune7

I scoured the Journal and other news sources and freerepulic for some sign it would turn - nothing.


17 posted on 10/09/2008 1:07:46 PM PDT by prolifefirst
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To: svcw

Must be a Vanguard Opus vanity.

I’m soooo glad that over the past 20 years, Hubby and I invested in Real Estate and Gold & Silver. This past year has been quite profitable.


18 posted on 10/09/2008 1:08:15 PM PDT by alice_in_bubbaland (C'mon John! Fight back!)
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To: jpl
8000 maybe? Could it get even lower than that?? It's starting to become scary.

Down 40% from the peak in just over a year ...

Lovely I tell ya, just f'n lovely.

19 posted on 10/09/2008 1:08:51 PM PDT by tx_eggman ("The urge to save humanity is almost always a false front for the urge to rule" - Mencken)
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To: prolifefirst

Well, it’s not to turn today. It’s not going to turn maybe for months. But it’s going to turn.


20 posted on 10/09/2008 1:08:58 PM PDT by Tribune7 (Obama wants to put the same crowd that ran Fannie Mae in charge of health care)
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